D.C. Current

Obama’s What-Me-Worry Social Security Plan

The president’s budget leaves the country’s biggest, most pressing fiscal problem to his successor.

Leave the country’s biggest fiscal mess for the next guy. That is President Barack Obama’s strategy for addressing the disintegrating Social Security Trust Fund. The massive monument to Democratic Party progressivism, which comprises the $2.7 trillion Old-Age and Survivors Insurance program and the $70 billion Disability Insurance program, is on course to begin spilling red ink in 2019. Like prosperity, that’s just around the corner—beginning in the third year of our next president’s first term. The disability program will go red first, in 2017. Hold the cake and ice cream, the OASI program will have a deficit of...